A major options exchange. While not directly relevant to short-term rentals, it serves as a reminder of the importance of understanding market volatility and fluctuations, particularly for hosts with investments in real estate or other assets.
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The practice of optimizing pricing, availability, and marketing strategies to maximize revenue generated from short-term rental properties.
An Albanian word for “half.” Offering discounts for longer stays, such as a “gjysmë” or half-price week, can attract guests looking for…
The percentage of time a short-term rental property is booked and occupied by guests. Higher occupancy rates generally translate to increased revenue,…
Unique or specialized amenities offered to enhance the guest experience and differentiate a short-term rental from competitors.